Capital International Inc. CA Trims Stake in The Kraft Heinz Company (NASDAQ:KHC)

Capital International Inc. CA lessened its holdings in The Kraft Heinz Company (NASDAQ:KHC) by 70.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 151,354 shares of the company’s stock after selling 360,527 shares during the period. Capital International Inc. CA’s holdings in Kraft Heinz were worth $4,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Kraft Heinz by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,525,110 shares of the company’s stock worth $200,369,000 after buying an additional 174,706 shares during the last quarter. First Trust Advisors LP grew its position in Kraft Heinz by 5.8% in the fourth quarter. First Trust Advisors LP now owns 4,424,038 shares of the company’s stock worth $135,862,000 after acquiring an additional 241,087 shares in the last quarter. Freedom Investment Management Inc. increased its stake in Kraft Heinz by 27.9% in the fourth quarter. Freedom Investment Management Inc. now owns 9,760 shares of the company’s stock valued at $300,000 after acquiring an additional 2,129 shares during the last quarter. Forum Financial Management LP raised its position in Kraft Heinz by 56.5% during the fourth quarter. Forum Financial Management LP now owns 19,719 shares of the company’s stock valued at $606,000 after purchasing an additional 7,118 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in Kraft Heinz by 99.1% during the fourth quarter. Marshall Wace LLP now owns 28,469 shares of the company’s stock worth $874,000 after purchasing an additional 14,169 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KHC has been the topic of a number of recent research reports. Jefferies Financial Group reduced their price target on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, January 29th. Evercore ISI reiterated an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Barclays cut their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Citigroup reiterated a “sell” rating and issued a $27.00 price objective (down previously from $28.00) on shares of Kraft Heinz in a report on Friday, April 4th. Finally, StockNews.com upgraded Kraft Heinz from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th. Four analysts have rated the stock with a sell rating and twelve have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.67.

Kraft Heinz Stock Up 2.3 %

Shares of NASDAQ KHC opened at $29.46 on Monday. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $29.98 and a two-hundred day simple moving average of $31.04. The firm has a market capitalization of $35.16 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.39 and a beta of 0.44.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Kraft Heinz had a return on equity of 7.58% and a net margin of 10.62%. Equities analysts expect that The Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 7th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date was Friday, March 7th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.80%.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.